Charles Goyette, former Antiwar Radio host and author of the upcoming new book Red and Blue and Broke All Over: Restoring America’s Free Economy, discusses the consequences and beneficiaries of government spending on bank bailouts, TARP and the current European mess; Newt Gingrich’s part in bailing out Mexico (and Goldman Sachs) in the 1990s; how Federal Reserve money creation will – sooner or later – spur a wave of spending and another asset bubble; the daily financial news headlines proclaiming a new bad-debt savior (Germany, China, IMF); and how empires eventually end in murder-suicides.
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